A Subaru WRX Lease: Everything You Need To Know
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The Subaru WRX might not be what most people think of when they think of a Subaru, but that doesn’t mean it’s not a fantastic vehicle. If you’re considering a Subaru WRX lease, you’re in good company. The WRX is a great vehicle to lease, and there are a lot of reasonable options out there.
Of course, if you’re considering a Subaru WRX lease, it’s also a good idea to think about buying a WRX and taking some time to figure out which option is better for you.
Knowing what factors to consider, how a leased vehicle fits into your life vs. a purchased vehicle is half the battle. We’ll talk about the advantages of leasing a Subaru WRX, the disadvantages, why you might want to consider buying the vehicle instead, and a few other things that will help you decide which is right for you.
Ready to figure out whether a Subaru WRX lease is the right option for you? Great, let’s get started.
Why You Should Consider A Subaru WRX Lease
Right now, the Subaru WRX offers a standard leasing deal. There aren’t any big discounts on the Subaru WRX right now, but that doesn’t mean they aren’t a good offer. However, it’s worth knowing that Subaru WRX leases are only available to people with good credit. Most dealerships are looking for people with a credit score of 700 or over to lease a WRX.
That being said, leasing a WRX can have significant savings if you’re looking for a car for 3 years or less.
Leasing a WRX can also be a good option if you want to stay on top of the latest technologies and safety developments. Having a lease gives you the freedom to upgrade vehicles every few years, as you want to. It’s also a good option if you want to try a different manufacturer or a different style of vehicle from what you’re used to.
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If you’re a low mileage driver, leasing can also be a good way to make sure your vehicle is always new and always more cost-effective than owning a low-use vehicle.
Plus, leasing a low-use vehicle can be a more environmentally friendly option. Leasing puts less wear and tear on the vehicle and lets other users potentially benefit from the same vehicle after you.
Another big advantage for people who want to get a Subaru WRX lease, Subaru leases tend to be a lot more affordable than other manufacturer vehicles. That way, you can save money and still get a vehicle of the right class and type for your needs.
Advantages of Buying Or Leasing A Subaru WRX
Knowing the advantages of buying and leasing is important if you want to make the right decision for yourself. We’ll talk about some of the core advantages of both options and then some questions you should consider when you’re deciding what options are best for you.
Buying can be a good option for high mileage users, like people who want to go on road trips or often have to drive and travel for work. That way, you don’t have to worry about high mileage charges on your lease.
But leasing can be a better option if you’re looking to trade up vehicles every few years or if you only need a vehicle for a few low-mileage tasks. Leasing can be one of the best options for urban drivers that don’t need to use their cars every day.
Leasing can also be a better option if you like having a new car all the time. But buying is better if you want to own your vehicle 100% and don’t want to have monthly car payments forever.
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Buying can also be a better option if you’re not great about staying on top of regular maintenance since you won’t usually have to pay as much in catch-up maintenance as you would have to pay in excessive wear and tear costs at the end of your lease.
Buying can also give you more freedom, like the freedom to change or upgrade accessories or to alter the interior. However, leasing protects you from the loss of value in a vehicle since you’re just paying to have the right to use the vehicle without necessarily purchasing it as an asset.
How To Decide Whether Buying Or Leasing Is Right For You
Here are a few quick questions to help you decide whether buying or getting a Subaru WRX lease is right for you.
Are you looking to own for 5 years or more? Once you’ve leased a vehicle for 5 years, it usually starts to get more expensive to lease that vehicle than it would be to own it. But if you want to own a vehicle for 3 years or less, leasing is usually more affordable.
Do you put 10k or more miles on your vehicles in an average year? High mileage drivers usually don’t get as many benefits from a Subaru WRX lease and low mileage drivers. That’s because the dealership will charge a fee for any miles you go over the lease limit, so you either have to control your miles more closely, or you’ll end up spending more on the lease that is saved.
Do you make your vehicles work harder than most people? This question is about how many dirt or gravel roads you drive over, how much of a load your vehicle needs to carry every day, and how much stress you put on the transmission. If you’re relatively easy on a vehicle, leasing is a good option. But if you’re harder on your vehicles, you may want to buy instead. That’s because excessive wear and tear, or anything that makes the value of the vehicle go down faster than anticipated, can mean more charges at the end of your lease.
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Final Thoughts
The WRX is an attractive and incredibly functional sedan. It makes sense that there is a lot of demand for leases, especially since Subaru leases are so affordable in the long term. But that doesn’t mean that leasing is the right option for everyone. Make sure you’re thinking about whether leasing or buying is right for you, and talk to your local dealership about options to buy a car after your lease or other halfway options that give you a little more flexibility in your contract.
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